crop insurance News

Wet Harvest Leads to $77M Loss for Arkansas Soybean Farmers

Agriculture experts say Arkansas soybean farmers have lost at least $77 million this year after heavy rainfall interrupted harvest season and damaged the quality of the crop. The Arkansas Democrat-Gazette reports that University of Arkansas researchers found that wet conditions …

Navajo Nation President Extends Crop Insurance Amid New Mexico Drought

Outgoing Navajo Nation President Russell Begaye has extended the tribe’s crop insurance amid ongoing extreme drought conditions. The Gallup Independent reports Begaye signed the insurance contract earlier this month. He says it will protect the tribe’s pastures, rangelands and forage …

JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms

JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More commonly known for flood maps and models, JBA collaborated with Chaucer through its office in Singapore to develop this probabilistic …

Possible Mold in Grain Harvest May Threaten Wisconsin Farmers’ Profits

Wet weather this year has delayed Wisconsin’s grain harvest and caused widespread mold problems in farm fields, according to agriculture experts. The U.S. Department of Agriculture expects Wisconsin farmers to harvest a record amount of soybeans this year, but farmers …

Argentine Drought Hits Farmers Who Begin Demanding Crop Insurance

Jorge Josifovich is silent and downcast as he walks under the pounding sun in one of Argentina’s most fertile agricultural regions, staring at soy crops parched by the country’s worst drought in years. The drought, which began in November, has …

Washington Wheat Farmers Oppose Proposed Trump Budget Cuts to Crop Insurance

Washington state wheat farmers are protesting cuts to their safety net programs in a budget proposal released by President Donald Trump this week. The Spokesman-Review review reports growers are concerned about Trump’s proposal to reduce federal spending on crop insurance …

Agribusiness Contributes $23B to Arizona’s Economy, Report Shows

Researchers with the University of Arizona say agricultural businesses contribute more than $23 billion in sales to the state’s economy. A report released this week by the university’s Cooperative Extension’s Economic Impact Analysis Team also states that agribusiness supports more …

Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas

Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton – $100 million; rice and soybeans – $8 million. Livestock …

California’s Wine Industry Taking Stock of Losses After Wildfires

Although still burning, the largest fires that have devastated California wine country are mostly contained, and winemakers, winery owners, and growers began taking stock this week of what they have—and haven’t—lost. The numbers are numbing: at least 42 dead, nearly …

Farmers in Upper Midwest Report Damage from Dicamba Herbicide

Hundreds of farmers in the Upper Midwest are reporting damage from the controversial herbicide dicamba, and state officials are considering restrictions for the 2018 growing season that might surpass even new federal rules. The state agriculture departments in North Dakota, …